Overview of UNICEF Financial Oversight and Management

Transcription

1 Overview of UNICEF Financial Oversight and Management EB Orientation January 11, 2018

2 Types of Financial Resources UNICEF is voluntarily funded with the following funding types: Regular Resources (RR) Resources that are unrestricted, and include pledges of voluntary contributions from governments and private donors, other governmental or intergovernmental contributions, donations from non-governmental sources, bank interest and other investment revenue and miscellaneous revenue. Other Regular Resources (OR-R) Contributions received which have been earmarked by donors for specific purposes and are hence considered restricted. The earmarking may be by country, geographic area, theme, project, sector etc. Other Resources (OR-R) Thematic OR contribution that can be spent flexibly within the funded Outcome or Focus Area. Other Resources Emergencies (OR-E) These are contributions received in response to emergencies. Other Resources (OR-E) Thematic OR contribution that can be spent flexibly within the funded Outcome or Focus Area. Other Resources (OR-E) Non-Thematic OR contribution that is restricted to a particular activity. Other Resources (OR-R) 2 Non-Thematic OR contribution that is restricted to a particular activity.

3 Oversight by the Executive Board The Executive Board is the governing body of UNICEF. The Board has 36 members, elected for three-year terms with a regional allocation of seats. They are elected among the member state representatives by the United Nations Economic and Social Council (ECOSOC). It is responsible for providing inter-governmental support to and supervision of the activities of UNICEF. The Board meets three times each year, in a first regular session in January/February, an annual session in June and a second regular session in September. 3

4 Executive Board Sessions Strategic Plan with Integrated Budget Mid Term Review Updated Financial Estimates Country Programme Documents Audited Financial Statements PFP Budget PFP Financial Report First Session Annual Session 3 rd year of the SP Second Session Every 4 years Annual 14 months following year end 4

5 Other Oversight UNICEF internal and external oversight is conducted by various bodies including: ACABQ Fifth Committee Internal Management Reviews Annual External Audit by UNBOA Internal Audit and Investigations Audit Advisory Committee JIU reviews Donor Reviews and Assessments 5

6 Management UNICEF is led by an Executive Director: Appointed by the Secretary-General in consultation with the Executive Board. The Executive Director is fully responsible and accountable to the Executive Board for all phases and aspects of UNICEF activities. Overall management and administration of the organisation takes place at headquarters: New York, where global policy is defined HQ office in Copenhagen - Supply Division HQ office in Geneva Private Fundraising & Partnerships 6

7 Financial Regulatory Framework UNICEF Financial Regulations and Rules UNICEF Policies and Procedures International Public Sector Accounting Standards (IPSAS) Internal Control policy based on COSO Internal Control - Integrated Framework 7

8 Internal Controls INTERNAL CONTROL FRAMEWORK Value for Money ERM Regulatory Framework TLM Antifraud Strategy RBB FOCUS AREAS 8

9 UNICEF Culture Strong Ethics Office Policies and standards UN Staff Rules, Standards of Conduct for International Civil Servants and Code of Ethics UNICEF Anti -Fraud Policy UNICEF Financial Regulations and Rules UNICEF HR Manual UNICEF Supply Manual UN Policy on Gifts, UN Supplier Code of Conduct & related UNICEF instruction on Acceptance of Awards, Decorations, Gifts, Honours, Medals, etc. Management Reviews and Discussions Global Management Team (GMT) Performance Reviews Management committees Internal broad access to all policies, dashboards, audit reports, annual disciplinary report 9

10 Accountability Executive Director is fully responsible and accountable to the Executive Board All officials are accountable to the Executive Director for their actions. They may be held personally responsible and financially liable for the consequences of contrary actions. Officials may be required to reimburse UNICEF for financial losses as a result of their negligence or violation of framework. 10

11 UNICEF/NYHQ /NOORANI UNICEF Budget 11

12 Integrated Budget Budget categories Programme Institutional PFP Country Global and regional Development effectiveness Management Capital investment Programme Regular Resources (RR) allocations: - RR allocated according to formula based on three core criteria: Gross National Income (GNI) per capita Under-five mortality rate Child Population - Minimum allocation: $850k 12

13 Revenue by Source Public Sector (two-thirds) and Private Sector(one-third) Private $8,231 36% Public $14,583 64% As a result of sustained investment, the Private Sector will contribute 57% of the Organizations RR revenue for UNICEF for every child 13

14 Revenue Trend (in millions of US dollars) 6,500 6,000 5,500 5,000 4,500 4,000 3,500 3,000 2,500 2,000 1,500 1, , ,977 1,187 1, ,762 2,781 1,725 Indian Ocean tsunami 3,013 1,907 3,390 3,256 2,305 2,190 Global Food Price crisis 3,682 3,711 2,717 2,633 2,657 Haiti earthquak e 1,056 1,106 1,085 1, ,078 3,945 4,853 3,588 5,169 1,288 1,265 1,326 5,010 3,843 3,836 Humanitarian programmes in Syria, Africa, Iraq, Nepal, Yemen 1,174 4,884 3,571 5,033 5,235 3,721 3,830 5,566 4,049 5,868 4,230 6,145 4,404 1,312 1,312 1,405 1,517 1,638 1, Regular resources Other resources Total Contributions 14

15 US$ Million Integrated Budget by Component 16,372 19,247 Compared with , Investment in Country Programmes grows by 18%. When compared with , the institutional budget decreases from 10.5% to 10.2% of the total integrated budget. This ratio was 11.9% in the approved plan. Special purpose increase reflects investment in resource mobilization , ,238 2,095 2,455 COUNTRY PROGRAMMES GRP SPECIAL PURPOSE INST. BUDGET MTR Financial Update UNICEF for every child

16 Strategic Plan Integrated Resources and Results Framework GOAL AREA 5: EVERY CHILD HAS AN EQUITABLE CHANCE IN LIFE RR: $374 OR: $1,369 GOAL AREA 4: EVERY CHILD LIVES IN A SAFE AND CLEAN ENVIRONMENT RR: $846 OR: $3,088 $1, % GOAL AREA 1: EVERY CHILD SURVIVES AND THRIVES $3, % $8, % RR: $1,744 OR: $6,367 GOAL AREA 3: EVERY CHILD IS PROTECTED FROM VIOLENCE AND EXPLOITATION RR: $523 OR: $1,910 $2, % $4, % US$ MILLIONS GOAL AREA 2: EVERY CHILD LEARNS RR: $872 OR: $3,183 16

17 Programme / IB Expenditure Trend * IN US$ Millions 6,000 5,000 4,325 4,546 4,655 4,482 4,830 4,989 5,144 5,315 4,000 3,000 2,000 3,292 3,649 Programmes, 2021 Growth since 2012: 61% Institutional Budget, 2021 Growth since 2012: 38% Programme Expenditure Institutional Expenditure 1, * from all funding sources 17 Financial Update UNICEF for every child

18 Thank You UNICEF/SUDA2014-XX228/Noorani